Quotes with Resistance & Support
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FIIs wary of India Inc’s numbers

Posted on: Tuesday, January 13th 2009 and is filed under Press Releases.

Post-Satyam, brokerages asked to do stricter checks of financial records. Stung by the fraud in India’s fourth largest IT services firm, Satyam Computers Services, foreign institutional investors (FIIs) are now asking brokerages to run forensic accounting checks on the numbers reported...

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Intraday calls for 13-01-09

Markets likely to open weak. Nifty has support at 2750. If we break this level we could see 2500 in short term. Short sell: Infosys below 1145, target: 1120. Stoploss: 1155. Buy BGR Energy if markets show recovery. ...

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Prakash Gaba: Market Review for 13th January 2009

Posted on: Tuesday, January 13th 2009 and is filed under Market Outlook.

BSE Sensex: (9110) the market unfolded as expected and has closed on its supports but still does not display any signs of strength as yet and I would consider the market as down unless it closes above the 9750 mark The support for the Sensex is 8947-8845 and the resistance to the up move...

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Avoid fresh longs: Bhambwani

Posted on: Tuesday, January 13th 2009 and is filed under short term calls main page, Stock Research.

The markets opened on a weak note and ended with losses as the overseas cues coupled with domestic selling dragged the markets lower. The selling was concentrated on the technology and banking stocks. The benchmark indices lost over 3 % at close. The traded volumes were lower as compared ...

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FIIs net sellers of Rs 564cr in cash mkt on 12-Jan-2009

Posted on: Tuesday, January 13th 2009 and is filed under Market News.

Foreign institutional investors (FIIs) were net sellers of Rs 563.57 crore (provisional) today, according to data released by BSE.While FIIs made gross purchases of Rs 1,770.13 crore, gross sales totalled Rs 2,333.70 crore. Domestic institutional investors (DIIs) were net buyers of Rs 217...

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SEBI, Naidu turned off Satyam alarm in 2003?

Posted on: Tuesday, January 13th 2009 and is filed under Press Releases.

NEW DELHI: Did the market regulator SEBI ignore a red flag over Satyam promoters six years ago, owing to political pressure? The Congress would like to say so, based on Republican Party of India MP Ramdas Athawale’s letter to the then SEBI chairman G N Bajpai claiming that an I-T invest...

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Ram Mynampati got more salary than Raju, directors!

Posted on: Tuesday, January 13th 2009 and is filed under Press Releases.

A prime prospect for probe by regulators and authorities investigating the Satyam fraud, acting-CEO Ram Mynampati appears to be the IT company’s most valued asset and drew a salary more than that of founder Ramalinga Raju and all the directors put together. At the same time, its in...

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Satyam’s US clients face tough choices

Posted on: Tuesday, January 13th 2009 and is filed under Press Releases.

Details of the stunning fraud at Indian outsourcing giant Satyam are still trickling out. On Friday, Jan. 9, former Chairman Ramalinga Raju was arrested, the company’s stock was delisted, and its board of directors was liquidated. It’s unclear whether the $2.1 billion-a-year c...

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Oil slumps 7%, falling below $38

Posted on: Tuesday, January 13th 2009 and is filed under Press Releases.

The price of oil fell Monday as investors remained focused on last week’s bad economic news and bet that demand for petroleum products will continue to decline. Light, sweet crude for February delivery fell $2.92, or 7%, to $37.91 a barrel. Last week, oil fell nearly $8 a barrel a...

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World Bank bars Wipro, Megasoft, 3 more firms

Posted on: Monday, January 12th 2009 and is filed under Press Releases.

Even before the dust settled on the controversy involving Satyam’s debarment, the World Bank on Monday revealed that action has been taken against a total of five entities in India, including Wipro Technologies, and an individual. The action was initiated against these entities and...

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